User Account

All Pages

How much is the balance of retained earnings

Assignment Help Accounting Basics
Reference no: EM133014987

Question - Suppose that company AA had retained earnings of $10,000 on adjusted trial balance. Their net income was $10,000, and they paid dividends of $5,000 in that accounting period. How much is the balance of retained earnings at the end of current accounting period?

Reference no: EM133014987

Questions Cloud

Determine the total cost of the Haunted House project : The cost of direct materials on the job was $19,000 and the direct labor rate is $30 per hour. Determine the total cost of the Haunted House project
What is the payback period of the project : Crystal can manufacture the new model for R86 each in variable costs. What is the payback period of the project
Calculate the net present value and payback period : Calculate the following methods for each proposal: i) Net present value ii) Payback period iii) Internal rate of return
What is the customers expect a return : A broker wants to sell a customer and investment costing $100 with an expected payoff in one year of $109.2. What is the customers expect a return
How much is the balance of retained earnings : Their net income was $10,000, and they paid dividends of $5,000 in that accounting period. How much is the balance of retained earnings
What will be real effect on profit if the order is accepted : The $54 of fixed overhead is allocated as $1.06 per direct labor dollar. What will be real effect on profit if the order is accepted
What is the degrees of freedom : Assume that the populations' variances are not equal, and set population 1 to be the lunch time of American people. What is the degrees of freedom
What are three opportunities victoria secret : What are three opportunities Victoria's Secret can take on by becoming a public company and not partnered with Bath and Body Works anymore?
Describe the five international organizational structures : Describe the five international organizational structures

Reviews

Write a Review

Accounting Basics Questions & Answers

  How does Apple explain the lack of recognition

Apple has recognized neither a contingent gain for the Samsung award, nor a contingent loss for the VirnetX case. How does Apple explain the lack of recognition

  Planning functions of controllership

Why is essential that the planning functions of controllership can help an organization effectively and efficiently achieve a goal?

  How does ifrs allocate the transaction price to the cake

How does IFRS 15 allocate the transaction price to the cake? According to IFRS 15, when should TCBY recognize revenue from the sale of the cake?

  Obtain company reports and company financial statements

obtain company reports and company financial statements from public sources. lexisnexis and annual reports from

  Accounting principle or concept justifies

A hotel shows office supplies such as stationary on its balance sheet as $500 asset, even though to any other hotel these supplies might have a value only a scrap paper. Which accounting principle or concept justifies this?

  Market-to-book ratio

If the forecast turns out to be correct & its price-to-earnings (P/E) ratio does not change, what do they expect their stock price to be one year from now?

  Calculate the amount of dollars the US investor will receive

The spot rate of the Canadian dollar is $0.71, the forecasted spot rate year from now is $0.74, Calculate the amount of dollars the US investor will receive

  Identify substantive procedures for trade payables accounts

State the implications of the above practices towards both the purchase and trade payables accounts. Identify substantive procedures for trade payables accounts

  Journalize the entries for October and November

On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, Journalize the entries for October

  What is the correct journal entry

When shipping back inventory (that was purchased on account) from a supplier, what is the correct journal entry

  The matsui lubricants plant uses the fifo method to account

the matsui lubricants plant uses the fifo method to account for its work-in-process inventories. the accounting records

  In the item 7 of nikes 2008 10-k review the section titled

in the item 7 of nikes 2008 10-k review the section titled operating segments. prepared a table that compares the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd